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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Re: GRZ
GRZ
8
bmh
Sep 05, 2013 08:23PM
2
Sep 06, 2013 05:52AM
3
Sep 06, 2013 10:40AM
I agree that the ConocoPhillips case is much more complex, especially on the question of quantum of damages. There were changes to the VZ tax/royalty regime (which the panel ruled cannot be factored into damages) and there was a formula in the investment agreement for determining (and capping) CP's damages upon nationalisation (which may or may not be relevant). Hopefully, the issue of quantum will be addressed in the main GRZ and KRY rulings but, in the absence of agreement between the litigants, it is actually the tribunal that decides whether the quantum determination should be split out. Fingers crossed...
1
Sep 06, 2013 12:33PM
4
bmh
Sep 06, 2013 01:38PM
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